Arun Jaitley
The present government in their first budget may not have had made a big splash as that had been expected but the administration plans that move at the fast speed is ensuring that its proposals are actually being implemented over the next few weeks and that the prime minister is able to celebrate this in [...] Continue Reading »
Gujarat government has been in newsflash for its several ambitious projects. The idea to connect each village of the state with a road network is one of such aspiring schemes. The government has decided to indulge non-government organisations for funding of these schemes/projects. Nitin Patel, Gujarat State Road and Building Minister announced the agenda during [...] Continue Reading »
The CEO and Managers of prominent companies give their opinion on whether the new budget will open the door for real estate growth and development in the country. R. Nagaraj, President of CREDAI Karnataka, is optimistic about this year’s Union Budget allocation towards infrastructure and real estate development. According to him, domestic and Foreign Direct [...] Continue Reading »
The government is considering a proposal to sell off the real estate owned by the sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC Ltd). The government wants to sell off the housing dwellings owned by these loss making units before selling off the chronically loss-making [...] Continue Reading »
The Securities and Exchange Board of India (Sebi) on Thursday released draft guidelines for infrastructure investment trusts (InvITs). This is expected to enable financing and investment opportunities in long-term infrastructure projects. The finance minister Arun Jaitley made some draft guidelines during the Budget speech last week. SEBI is supposed to follow those draft guidelines. InvITs are [...] Continue Reading »
The government is thinking about making it mandatory for the firms executing government contracts to hire at least 30 % of employees with certified skills. Though about one tenth of India’s workforce has some technical skills, only a little over 2.5 % have any formal technical education. There are about 12 million young entrants in the [...] Continue Reading »
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
The Rural Development Ministry has proposed a number of amendments in the Land acquisition act. If they are cleared then they could lead to large scale dilution of the new Land Acquisition Act. It is expected to make the process of acquiring land easier. Scrapping the “consent clause” for Public Private Partnership (PPP) projects and narrowing [...] Continue Reading »
Gone are the days when we used to depend on human beings and manual interference for everything. With the advent of technology, many things have been eased and E- governance (electronic governance) is also one of them. This reduces manual labour, optimises cost and enhances transparency in any work. Technology-based efficient governance, better mobility and [...] Continue Reading »
